River Forest Bancorp Tops Analysts Buy List
River Forest Bancorp of Chicago ranks among the best managed banks with nine subsidiaries including five in Chicago. It shows 18 percent earnings growth over a decade, 20 percent return on equity, low loan losses, and strong credit quality. 1995 earnings were 2.35 per share, with 1996 forecast at 2.62. The Schott Letter recommends buying up to 33.
MENTIONED IN THIS ARTICLE
River Forest Bancorp
RFBC
Chicago
River Forest
John Schott
Schott
Dover
Mass
Banking stocks mix strong earnings with high risk lending
GreenPoint Financial highlights no doc and low doc mortgage lending with 84 branches across New York counties and projected earnings of 3.00 per share in 1996 and 3.50 in 1997. Mark Twain Bancshares and Zions Bancorporation feature assets, niche roles in municipal securities, e cash plans, and growth driven by returns and dividends.
MENTIONED IN THIS ARTICLE
Greenpoint Financial Nyse
GPT
GreenPoint Bank
Manhattan
Brooklyn
Queens
Nassau
Suffolk
Westchester
Rockland
New York
David Auschwitz
Milwaukee
Zions Bancorporation
Zions
Utah
Salt Lake City
Charles Aliman
Chevy Chase, Md
Steve Halpern
Mortgage history shows shift from local ties to national markets
The piece recounts how 1929 Bedford Falls bank runs highlighted face-to-face loans and neighborly decisions, contrasts with modern, impersonal lenders like Fannie Mae and Freddie Mac, and explains how 1970s federal policy opened the secondary mortgage market, expanding financing for many who were previously shut out.
MENTIONED IN THIS ARTICLE
Bedford Falls
N.Y
Bedford Falls Building & Loan Association
George Bailey
Bailey
B&ls
Joe
Sam
Mr. Martini
Fannie Mae
Freddie Mac
Fargo, N.D.B
Fred Glick
Hart Mortgage
Main Line Federal
Fort Washington
Glick
Freddie Mae
Federal National Mortgage Association
Federal Home Loan Mortgage Corp
Housing market trends show steady homeownership nationwide
A survey highlights that homeownership stays near 65 percent across the period despite volatile mortgage rates and higher home prices. Inflation-adjusted figures for median new-home prices existing-home sales and family income are based on 1996 dollars.
MENTIONED IN THIS ARTICLE
Eee
Managed fund beats index fund for real world test
A New York AP report details a late summer experiment where $5,000 was split between an actively managed fund Janus Worldwide and the Schwab International Index fund. By April 30 the Janus fund rose to $3,021.39 while Schwab's fund reached $2,775.21. The eight month period shows the active fund outperforming in a bull market, though experts caution results are not predictive. John Bogle acknowledges active funds can outperform sometimes but endorses index funds for long term average returns. Investors are urged to recognize the odds against beating the index and to accept average market returns.
MENTIONED IN THIS ARTICLE
New York
Cone
Janus Worldwide Fund
United States
Helen Young Hayes
Schwab International Index
Janus Worldwide
Schwab
Beasteline Dieten
U.S
Janus
John Bogle
Bogle
Vanguard Group
Vanguard Index Trust
Also Mentioned on This Page
By Steve Halpern
Knight-Ridder Newspapers
Money Magazine
Gary G. Schaal
Orleans Corp
Bensalem
Rey
Department of Housing and Urban Development
Bureau of Labor Statistics
The
Philadelphia Inquirer, Knight-Ridder Tribune
Cynthia Greer
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